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To: PAL who wrote (109343)	3/14/1999 8:13:00 PM
From: freeus	Read Replies (1) \| Respond to of 176387

Hi Paul, Post the risks of puts for sure. I'll ask Fidelity how they show the margin requirements, I didnt ask them. If I understand their answer I'll let you know. To everyone: I finally assembled all taxable trades for last year (havent yet assembled the untax ones in the IRA). Almost a waste of time doing all of them: 57 trades (and I have a full time job) with only 56% profitable and 1% same. Made $30,000 proft, but paid $8500 in margin interest (of course all of that cant be attributed to the trading because most of the margin is to allow me to hold a lot more DELL long than I could otherwise) . Will have to pay taxes on the remaining $18,500 to 30-40%. Was it worth it? I dont know, learning experience I guess. A lot of the trades were of good stocks that I would have been better off just holding. Best wishes for this week for all of us (but DELL has to stay at 44 15/16 so I dont get nervous about my calls.) Freeus

To: PAL who wrote (109343)	3/15/1999 9:27:00 AM
From: David R. Colby	Read Replies (1) \| Respond to of 176387

Paul, I guess we are all interested in the same topic: margin costs on naked puts. I have been trying to get a straight answer as to costs out of my broker (VG Brokerage Services) and so far have the following. Margined amount is greatest of the 4 methods: Method A - $2,000 per contract Method B - Premium, plus 15% of market value Method C - Premium, plus 30% of market value, minus out of money Method D - Minimum of $10,000 After all this I am told that "certain" LEAP positions may have additional requirements.I am still scratching my head and calculating. I would be interested in seeing the risks of naked puts with the real example you mentioned. dave colby